Best Health Insurance Company in India

A Step-by-Step Guide to Calculating Your Health Insurance Premium

25 April, 2023

0 Shares

671 Reads

Health Insurance Premium

Share

Health insurance is essential for protecting your and your family's health and financial well-being. However, comprehending insurance plans may be difficult because of their complexity and the hidden expenses in their terms and conditions. As a result, policyholders may end up paying more than they anticipated.

 

Health insurance premium calculators are helpful tools which can be used to avoid paying additional premiums. These calculators enable consumers to plan their budgets appropriately by assisting them in calculating their premium amount in advance.

 

What is a Mediclaim Premium Calculator?

A health insurance premium calculator is a free tool for figuring out the costs of different health plans. You can then compare and examine the numerous medical insurance plans offered by well-known insurance providers online. Also, one may alter their health policy and see a difference in the rate. Making a better purchasing selection is made possible by using a medical insurance premium calculator in this manner.

 

What are the Advantages of Using it?

Online premium calculators include a variety of characteristics that may be tuned to determine the ideal amount of premium payment based on the buyer's financial situation. Some advantages of utilising a health insurance premium calculator for health plans include the following:

 

  • You can estimate the cost of your premiums in advance with an insurance premium calculator. It will allow you to compare premiums and help you make a well-informed choice.

  • It checks rates quickly and is simple to use.

  • It aids in avoiding laborious and complex calculations on paper.

  • You may determine the impact of adding new members and clubbing add-on benefits to your insurance policy.

 

How to Calculate Premiums with it?

A medical insurance premium calculator is convenient to use. You need to follow the below-given steps while calculating your insurance premium: 

 

Step 1: Go to an online calculator to calculate insurance premiums. 

Step 2: Select the type of policyholder from the available options, which include couple, individual, and family. 

Step 3: Add the age of all the members. 

Step 4: Enter the pin code along with the location. 

Step 5: Choose the coverage value and click the button to calculate. 

 

Which Factors Affect Healthcare Insurance Premiums?

The following elements significantly influence insurance premiums. Let's have a look: 

 

  • Age: Your age is a major factor in determining the premium cost. Your premium increases as you age since you are more susceptible to ailments.

  • Medical history: Your premium for the health plan will rise if you have previously been diagnosed with any major illnesses.

  • Gender: Due to the decreased risk of heart attacks and strokes, female applicants pay lower rates than male applicants.

  • Chosen plan: Your premium price will be impacted by the coverage provided by the insurance policy you choose. For instance, a plan covering critical illnesses insurance may charge higher premiums. 

  • No-claim bonus: You will receive a discount for an existing policy's duration if you have yet to make any claims. The coverage amount will stay the same, but your premium payment will be reduced by a specified percentage.


In the modern world, healthcare insurance is no longer a choice but rather a need. But choosing the right health plan is also crucial. It is crucial to compare several policies before buying insurance, just as you wouldn't buy something without doing your research beforehand. An online health insurance premium calculator may be used to quickly determine the cost of each plan.

Start Your Insurance Today!

Secure your Health with comprehensive insurance plans from Niva Bupa

+91
Disclaimer infoBy clicking Start Now, you authorize Niva Bupa to Call/SMS/Whatsapp on your registered mobile overriding DNCR.

You may also like

Health InsuranceHealth InsuranceMedical Insurance Best Health Insurance PlansHealth Insurance PlansHealth Insurance Policy | NRI Health InsuranceBest Health Insurance PlansBest Family Health InsuranceBest Mediclaim PolicyBest Health Insurance In IndiaBest Medical Insurance In IndiaBest Health Insurance Plans In IndiaBest Health Insurance Policy In IndiaMediclaimBest Health Insurance For Senior Citizens In IndiaBest Health InsuranceHealth Insurance With Opd CoverMediclaim InsuranceMedical Insurance PlansBest Health Insurance Company in IndiaCritical Illness InsurancePersonal Accident InsuranceMediclaim PolicyIndividual Health InsurancePregnancy InsuranceMaternity InsuranceBest Family Health Insurance plans in IndiaBest Health Insurance companyFamily Health InsuranceBest Health Insurance plans for Senior CitizensMediclaim Policy for Family

 

Health Insurance SchemesChief Ministers Comprehensive Health Insurance SchemeEmployee State Insurance SchemeSwasthya Sathi SchemePradhan Mantri Matru Vandana YojnaGovernment Health Insurance SchemeDr. YSR Aarogyasri SchemePradhan Mantri Suraksha Bima YojnaHealth Insurance DeductibleWest Bengal Hcovealth SchemeThird Party AdministratorRashtriya Swasthya Bima YojanaIn Patient Vs Out Patient HospitalizationMukhyamantri Chiranjeevi YojnaArogya Sanjeevani Health InsuranceCopay Health InsuranceCashless Health Insurance SchemeMukhyamantri Amrutum Yojna

 

Travel Insurance International Travel InsuranceStudent Travel InsuranceTravel Insurance USATravel Insurance CanadaTravel Insurance Thailand | Travel Insurance GermanyTravel Insurance Dubai | Travel Insurance Bali | Travel Insurance Australia | Travel Insurance Schengen | Travel Insurance Singapore | Travel Insurance UK | Travel Insurance Vietnam | Malaysia Tourist PlacesThailand Visa for Indians  | Canada Visa for Indians | Bali Visa for IndiansECR and Non ECR Passport | Easiest Countries to Get CitizenshipUS Visa AppointmentCheck Saudi Visa StatusSouth Korea Visa for IndiansDubai Work Visa for IndianPassport Speed Post TrackingNew Zealand Visa StatusSingapore Transit Visa for IndiansNetherlands Work Visa for IndiansFile Number in Passport

 

Become an agentInsurance Agent | Insurance AdvisorLicensed Insurance AgentHealth Insurance ConsultantPOSP Insurance AgentWork From Home Jobs Without InvestmentHow To Earn Money Online Without InvestmentIRDA Certificate DownloadIC 38 Exam

 

Group Health InsuranceStartup Health Insurance | Commercial Health InsuranceCorporate insurance vs personal insuranceGroup Personal Accident Insurance

 

Top Hospitals -  Best Hospitals in ChennaiTop Hospitals in DelhiBest Hospitals in GurgaonBest Hospitals in IndiaTop 10 Hospitals in IndiaBest Hospitals in HyderabadBest Hospitals in KolkataBest cancer hospitals in BangaloreBest cancer hospitals in HyderabadBest cancer hospitals in MumbaiBest cancer hospitals in IndiaTop 10 cancer hospitals in IndiaTop 10 cancer hospital in DelhiMulti Speciality Hospitals in MumbaiMulti Speciality Hospitals in ChennaiMulti Speciality Hospitals in HyderabadSuper Speciality Hospitals in DelhiBest Liver Hospitals in DelhiBest Liver Hospitals in IndiaBest Kidney Hospitals in IndiaBest Heart hospitals in BangaloreBest Heart hospitals in IndiaBest Heart hospitals in KolkataBest Heart hospitals in Delhi


OthersTop Up Health Insurance PolicyCorporate Health InsuranceHealth CardSection 80d of Income Tax ActAyushman BharatHealth Insurance PortabilityGoActive Family Floater PlanHealth Companion Family Floater PlanHealth Premia Family Floater PlanHealth Pulse Family Floater PlanHealth Recharge Family Floater PlanHeartbeat Family Floater PlanMoney Saver Family Floater PlanSaral Suraksha Bima Family Floater PlanSenior Citizen Family Floater PlanSuper Saver Family Floater PlanCorona Kavach Family Floater PlanHospital Cash InsuranceCashless Health InsuranceHealth Companion Price revision | Heartbeat Price revision | ReAssure Price revision 

 

Health & Wellness - PCODPCOD Problems SymptomsStomach InfectionStomach Infection symptomsHome remedies for Stomach InfectionHypertension definitionHow to Control SugarTyphoid in HindiBlood sugar symptomsTyphoid symptoms in hindiLow sugar symptoms | ब्लड शुगर के लक्षणpregnancy me kya kareOpen heart surgery costBlood infection symptoms in hindiBP badhne ke karanKhansi ka gharelu upayOmicronCoronavirus Health InsuranceCovid XE VariantNorovirus